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According to [the Nevada Gaming Control Board], for the 12-month period from November 1, 2011 to October 31, 2012, Nevada casinos had a win rate of only 3.24% for bingo games.
It is not clear how this win rate is calculated. Many casinos allow players to buy cards with bonus points, and this figure may not even count the cards purchased with bonus points as revenue. The manager of a bingo room in Las Vegas told me that his hold rate was about 11%.
Even with an overall house edge of 11%, players may still achieve a theoretical advantage in bingo by exercising good judgment about which cards to buy, when to buy them, and where to play. Once the game starts, it's just a matter of luck, but players can improve their odds by scouting the least competitive spots, buying the most cost-effective cards, and avoiding a lot of silly bets. Here are some general tips to help you get started.
Buy the right type of card
There is no simple answer to what is the right card. It will depend on where you are playing and the session. For most sessions, I find that the large rainbow packages offer the best value. However, in games with large combined jackpots where premium cards are not awarded, then the cheapest card type offers the best return.
Take advantage of volume discounts
Players can purchase many packages of multiple cards, providing economies of scale. This is cheaper than buying one pack of cards alone. I would avoid "rainbow" packs and focus on a large number of cards at the lowest level
Pay attention to the field
Bingo prizes are fixed. Your odds are inversely proportional to the number of competing cards in the room. Of course, you won't know exactly how many cards you'll be facing, but the more you play, the better your estimate of the competition will be. Here are some ways to estimate the number of competing cards in the room.
Note how many people are in the room.
While waiting in line, I listened to what others were buying.
Check other players' receipts to see how many packs were purchased.
Keep track of how much you spend and how much you win on each lesson, day and property.
At least make a mental note of how close you were when you didn't win. Especially how often you are reported (one goal away from a win).
Listen to case alarms on other players' machines. When playing an electronic device, a beep will sound when the player is boxed. If you hear a lot of beeps when you are still a long way from winning, then there is probably a lot of competition.
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